CTA Board OKs $40 Million in Possible Borrowing to Keep System Running – WTTW

The CTA’s average daily operating expenses are about $4.3 million, so the line of credit would only fund operations for about 10 days. Under Illinois law, the CTA can’t borrow more than $40 million in so-called “working cash notes.”
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Rick
6 years ago

Who in their right mind will use public transit for at least a year when a vaccine is available? It’s time for CTA and Metra to cut cut cut layoff layoff layoff downsize downsize downsize, I shoud say “rightsize” to the reality. I’m glad I don’t work downtown and would be forced to get on public transit.

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